Tuesday, May 21

Tag: online food delivery

Zomato Headed for Profitability; Sees 10x Growth in 5 Years: CEO Deepinder Goyal
Entrepreneurs Talk

Zomato Headed for Profitability; Sees 10x Growth in 5 Years: CEO Deepinder Goyal

India's largest restaurant search and food delivery platform Zomato is on the verge of cracking its maiden profits on the back of rapid expansion into newer cities that have brought more business to both established outlets and 'dark kitchens', creating thousands of jobs, its founder and CEO Deepinder Goyal said. The company on September 7 laid off 540 employees at its head office in Gurugram across its customer, merchant, and delivery partner support teams, but Goyal insists Zomato is creating more jobs than ever before. Starting off in 2008 by scanning and putting restaurant menus online, Zomato has expanded to 24 countries and services 10,000 cities globally, he told PTI. In India, it serves 25 million customers in over 500 cities in India and is valued by analysts at between ...
Food Delivery Platform Swiggy Expands Service in Lucknow
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Food Delivery Platform Swiggy Expands Service in Lucknow

Swiggy, the popular food ordering and delivery platform in India has announced the expansion of its service to Lucknow, the 15th city where the company will go onboard in the country. The company has tied up with over more than 220 restaurants and will be serving in areas such as Gomti Nagar, Indira Nagar, Mahanagar, Nishatganj, Hazratganj, Aliganj, Nirala Nagar and Khurram Nagar by end of this month. Confirming its launch in the city of Nawabs, Srivats T.S., Vice President-Marketing at Swiggy said, Lucknow has a mix of different cuisines and influences woven into its culinary tradition, and we are excited to serve here. Our App has witnessed thousands of downloads for the app in Lucknow even before our launch. This not only shows that food ordering and delivery has become an integr...
Food Delivery Startup Swiggy Is Eyeing to Raise $250 Mn
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Food Delivery Startup Swiggy Is Eyeing to Raise $250 Mn

Online Food Delivery Startup Swiggy is eyeing to raise $250 million instead of $150-200 Mn as speculated earlier. This development has come into play at a time when the Bengaluru headquartered company is seeing intense investor interest that would help the firm to amp up its valuation and raise more money. Major Technology giants such as Japanese Agglomerate SoftBank, Chinese Firm Tencent, DST Global and Alibaba are currently in talks with Swiggy though, an official confirmation has not emerged until now. Earlier in February this year, the Food Startup had earlier raised a $100 (Rs 640 crore) million in a Series F round, one of its largest round so far led by Naspers. According to some sources reported by Techcircle, a person familiar with the matter said, "The only factor which i...